logo
Plus   Neg
Share
Email

Colgate-Palmolive Affirms FY19 Outlook - Quick Facts

While reporting its financial results for the first quarter on Friday, Colgate-Palmolive Co. (CL) affirmed its financial outlook for fiscal 2019.

The company continues to project fiscal 2019 net sales to be flat to up in low-single-digits, and organic sales growth of 2 percent to 4 percent.

The company also said it is planning for a year of gross margin expansion and expects a low-single-digit decline in earnings per share on a reported basis. Excluding charges, Colgate projects a mid-single-digit decline in earnings per share for the full year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tech giant Apple Inc. (AAPL) is reportedly planning to begin assembling a new low-cost iPhone 9 in February. According to Bloomberg, the Cupertino, California-based company is expected to officially unveil the new phone as early as March. The assembly work for the new handset will be split among Taiwan-based... A Louisville, Kentucky-based franchise of Wendy's and Fazoli's restaurants, was ordered by the federal government to pay a civil penalty of $157,114 for violating child labor laws. The U.S. Department of Labor's Wage and Hour Division or WHD said its investigation found that Manna Inc. violated child labor requirements of the Fair Labor Standards Act at 99 Wendy's and Fazoli's restaurants. Tesla's market capitalization briefly crept up the $100 billion mark in extended trading on Tuesday, making it the first publicly-listed automaker in the U.S. to achieve the feat. Tesla's stock gained 7.2 percent to close Tuesday's regular trading session at $547.20, and rose to $555 in after-hours trading, pushing the luxury electric car maker's market valuation to more than $100 billion.
Follow RTT
>